Diary For The Week.

1158 Southern Star , Sir Syd . Smith , Kennington , 1178 Perfect Ashlar , Bridge House Hotel , S . K . 7 1182 Duke of Edinburgh , M . H ., Liverpool , 7 ' 30 1259 Duke of Edinburgh , Eastern Hotel , Commercial Road , Limehouse , E ., 7 ' 30 1278 Burdett Coutts , Swan , Bethnal Green Road , 8 1306 St . John , Three Crowns , Mile End Road , 8

1360 RoyalArthur , Prince of Wales , Wimbledon , 7 * 30 1426 The Great City , Masons'Hall Avenue , 6 MJ 1558 D . Connaught , Palmerston Arms . Cambe well , 8 1571 Leopold , City Arms Tavern , E . G ., 7 1580 Cranbonrne , Red Lion , Hatfield , 8 1602 Sir Hugh Myddelton , 45 Upper Street , N ., 8 1612 West Middlesex , Bell , Ealing Dean , 7 * 45

1614 Covent Garden , Criterion , W ., 8 1622 Rose . Stirling Castlo , Camberwell , 8 1625 Tredegar , Wellington , Bow , E ., 7 * ' 0 1673 Langton , White Hart , Abchurch Lane , 5 * 30 1744 Royal Savoy , Blue Posts , Charlotte Street , 8 1950 Southgate , Railway Hot , Now Soothgato , 7 * 30

1677 Crusaders , Old Jerusalem , St . Juhu's Road , Clerkenwell , 9 1996 Priory , Constitutional Club , Acton R . A . 763 Prince Frederick William , Lord ' s Hotel , St . John ' s Wood . 8 B . A . 1471 North London , Northampton House , Canonbnry , 8

Friday , 21 st July . Emulation , Freemasons' Hall , 6 General Lodge . Masonic Hall , Birmingham , 8 187 St . John ' s , York and Albany , Regent's Park , 607 United Pilgrims / Surrey M . H ., Camberwell , 7 ' 30 765 St . James , Princess Victoria , Rotherhithe , 8 780 Boyal Alfred , Star and Garter , Kew Bridge , 8

834 Banelagh , Six Bells , Hammersmith 1056 Metropolitan , Portugal Hotel , Fleet Street , 7 1185 Lewis , Fishmongers' Arms , Wood Green , 7 * 30 1228 Beacontree , Green Man , Leytonstone , 8 1298 Eoyal Standard , Castle , 81 Holloway Rd ., N ., 8 1365 Clapton , G . K . Hotel , Liverpool Street , 7 1381 Kennington , Tlie Horns , Kenningion , 8

1457 Bagshaw , Public Hall , Loughton , K .-sox , 7 * 30 1042 E . Carnarvon , Ladbroko Hall , Netting Hill , 8 1677 Crusaders , Northampton Arms , Goswell Rond 1901 Selwyn , Montpelier . Choumont ltd ., Peckham , 8 2021 Queen ' s 'Wcstinii-. stor ) and Marj lcl > one , Thc Criterion . AV .. 8

R . A . 95 Eastern Star , Uorciilca Tavern , K . C . R . A . 820 Lily of Richmond , rircylinnnri , Kiclimonrt , b R . A . 800 llomsoy . Prince of Wiilex ' s Hotel , cumorof Enstbiiurnu Terrace , nnd Bishop ' s Road , W . 8 B . A . 1275 Star , Stirling Unsilo , Church Street , Camberwell , 7

1288 Finsbury Park , Cock Tavern , Highbury , 8 1364 Earl of Zetland , Royal Edward , Hackney . 7 1524 Duko of Connanf-ht , Lord Stanley , Hackney , 1624 Ercleston , 13 CnmbridgoStreet , Pimlico , 7 2012 Chiswick , Windsor Castlo , Hammersmith , W U . A . Sinai , Rod Lion , Kiug Street , Regent St ., AV

Tlio 42 nd annual meeting of the Birkbeck Building Society was held , on the 6 th insfc , at the offices , 29 and 30 Southampton Buildings , Chancery Lane . The Report adopted states that

the receipts during year which ended Slat March last reached £ 12 , 169 , 080 , making a total from the commencement of the Society of £ 163 , 297 , 213 . The deposits received were £ 9 , 857 , 817

and the subscriptions £ 215 , 871 . The gross profits amounted £ 213 , 867 . The Surplus Funds now stands over at £ 5 , 727 , 331 , of which £ 1 , 670 , 210 is invested in Consols and other

secunties—guaranteed by the British Government . Upwards of two millions ( £ 2 , 093 , 590 ) registered in the books of the Governor and Company of fche Bank of England . The cash in the

hands of tho bankets is £ 478 , 586 . The Permanent Guarantee Fund stands at £ 150 , 000 and the baknee £ 162 , 983 , making together £ 312 , 986 in excess of tbe liabilities—tbe Avhole amount

being invested in Consols . The subscriptions and deposits withdrawable on demand amount to £ 5 , 883 , 572 . The surplus funds ( which are invested iu readil y convertible securities ) are

sufficient to pay the depositors 11 If per cent , on the amount of their deposits . The new accounts opened during the year \ v re 13 , 75 * 2 , aud there are altogether 67 , 244 shareholders and de-

Diary For The Week.

positors on the books . Since its establishment , the Society has returned to tha shnrnlioldfira nnrl rlfinosir . ors

£ 135 , ^ 00 , 205 , the whole amount having been repaid on demand . In dealing with these large sums entrusted to the Society by the public the

directors have exercised the utmost care and caution . They have refrained from locking up the whole of tho funds in ordinary building society mortgages , with repayments spread

over a number of years , and therefore unavailable in time of pressure ; at the same time they have not neglected this department of their business

having advanced to members on mortgage , since the foundation of the Society , £ 2 , 464 , 645 . They have , however , adopted what they consider

the wise policy of investing a very large proportion of the deposits in Consols * , Indian , Colonial , and Corporation Stocks , and other liquid securities , available at the shortest notice , to 7 - _ — f _

_ _ meet any emergency that could arise in times of public financial embarrassment and distrust . The practice has been to retain large cash reserves , and t > invest one-third of the deposits in

Consols , and the remaining two-thirds in other liquid securities and freehold ground ronts . The directors venture to submit that no better proof of the soundness of this policy and the strength of the Society ' s position

could bo afforded than that given by the manner in which it met the run brought about in September last by the collapse of the " Liberator " and its allied companies . In the early days of that month the office was besieged by

members and depositors anxious to withdraw their money . Every facility was afforded them , the office hours were even extended for this purpose , and not a single applicant was

disappointed , every claim being met on demand . The panic lasted eleven days , and during that peri > d £ 1 , 587 , 005 was withdrawn . The sudden demand was met by a sale of a portion of the Society ' s Consols , pending the

realisation of which the Bank of England advanced £ 500 , 000 , and there were , besides other convertible securities in hand , sufficient to have paid every depositor in full . This becoming generally known the panic subsided .

A large proportion of the money withdrawn was re-deposited , and , attracted by the evidence of stability thus afforded , the number of members and depositors has largely increased , and I -- 0 j ___ - ~ j —

fche Directors have every reason to believe that the Birkbeck now stands higher in public estimation . The Consols sold during the panic has been repurchased , the advance made

by the Bank of England has been repaid , and the business is now pursuing its normal course . So large has been tho amount of deposits received since

tho panic that the Directors have thought it prudent to reduce the rate of interest on Deposit Accounts from 31 st March 1893 to two auda-half per cent ., a step which they believe has materially strengthened the position of

the Society , and which will enable them in future to invest a still larger proportion of the funds entrusted to them in Consols and other British Government securities ,

Diary For The Week.

Brother W . Oxtoby , Borough Surveyor of Beverley , has just been appointed Surveyor of Ramsgate , after a severe competition . The inhabitants of Alderney have sent a representative to Sindringham

with a beautiful prize heifer as a wedding present to tho Duke and Duchess of York , who have received the same with special thanks .

The good service pension of £ 150 a year for captains , rendered vacant by the promotion to flag rank of Captain S . Vander-Meulen , has been conferred

on Captain Thomas S . Jackson , R . N ., now serving as commodore , second class , and Naval Officer in charge of Jamaica .

CITT FREEHOLDS . —Notwithstanding the universal depression , there does not seem to be any difficulty in selling

first-class properties within the limits of the City of London . We understand that the block of buildings at tho Ludgate end of Queen Victoria Street , west of the Times Office , has changed

hands , Spiers and Pond having acquired the freehold for the extension of their Stores departments ; whence it would seem that the system of associating many trades under one roof is , when administered by people who

know their business , still capable of indefinite expansion . Our Brother Sir Courtenay Boyle , K . C . B ., who , besides being the able Secretary of the Board of Trade , is an

excellent authority on the game of cricket , writes to The Times on the subject of the follow-on rule . Thero are , many players who are not all satisfied with the present regulations ,

and his proposed modification will be approved by many cricketers . This is his view : — " I submit that the minority necessitating a follow-on should be proportioned and not absolute ; and I suggest for consideration and discussion that when the second side are 40 per cent , behind they should have the option of following-on , and that when they are 50 per cent , behind , their adversaries should have the option of making them follow-on . "

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